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Show Page four Will The National Enterprise, August 31, 1977 Crossroads be scrapped? The proposed $65 million Crossroads Plaza may never be built if holdout landowners on the site delay the project long enough. Three landowners on the downtown seven-acr- e site of the planned shoppingofficc parking complex have yet to agree to sell or lease to Crossroads developers and are resisting their efforts to convince city commissioners to condemn their property for use in the Plaza. At a Salt Lake City commission hearing on the Crossroads issue last week, commissioner Jennings Phillips said there could be a three-yea- r delay if landowners challenge a condemnation by the city in court. According to Robert M. Anderson, attorney for Crossroads Associates, one of the developers, it's possible the project will be aborted if delays continue for more than four or five months. Could hurt financing Increased costs due to inflation could hurt the financing of the project if there is a long delay before construction begins, Anderson told the Enterprise last week. And Alton Vernon, as- sistant manager of the mortgage and real estate office of The Equitable Life Assurance Society of the United States, said a delay could create a if it continues too problem and costs long keep escalating. Equitable is owner of half the project and is providing construction funds and long-terfinancing. Vernon, however, said they had anticipated some delay when Equitable first made the commitment and m didn't expect construction to begin until early next year. A delay wouldnt hurt unless it's unreasonable, Vernon said. Will wait another week The commission, at its hearing last week decided to delay until at least Sept. 7 a decision on whether to condemn the holdout properties, pending reports on legality of the condemnation, potential traffic problems, and the complex's impact on other developments downtown. Representatives for the remaining landowners Utah Woolen Mills, Verner and Sadyc Zinik, and Wasatch Meat Co. have argued that condemnation would be illegal because the properties are not blighted and the action would amount to taking private property for the use of other private owners. A. Park Smoot, an attorney representing owners of a parcel of land at 18 S. Main, objected to the commission's delay. He told commissioners last week delay would harm the building tenant, Clarines Restaurant. The owner is ill, he said, and wants to sell the business, but cannot do so while the Crossroads issue is still pending. According to Smoot, the parcel owner agreed to allow acquisition by Crossroads, subject to the developers ability to acquire all the properties on the site. Clarines had been told, Smoot said, the project would not be built unless the entire plan could be implemented and there would be a serious question as to its construction if it could not be started by the beginning of next year. Any delay plays into the dflrDD3 hands of the holdouts," who want the benefit of the project without participating in it, Smoot said, referring to statements of the Ziniks' attorney Robert Campbell, who said Zinik wished to cooperate with Crossroads in improving the area without giving up his property. Campbell later remarked holdhis clients were not but rather simply outs wanted to keep their own property. Prentice Hall shuts down local typesetting division Prentice Hall has closed its typesetting office in Salt Eight typesetters, prepared from edited camera-read- y Lake City and is moving all production to its national headquarters in Englewood Cliffs. NJ. Officials at the company blamed expensive and unreliable repair service of its composition machines The for the shutdown. machines were serviced from Los Angeles. closure. Prentice Hall will retain its book order and distribution departments at 4640 So. 5400 W.. where it employs 67 people. TMF NATIONAL Enterprise Subscriptions S24.00 per year 891300 St) Cents Per Cops' is published The National Enterprise weekly by the National Enterprise Publishing Company. Inc.. 500 Continental Bank Bldg.. P.O. Box 11778. Pioneer Station. 6 Salt Lake City. Utah B4t47. (801) Copyright G 1977 by National Enterprise Publishing Co. All rights reserved. 533-055- Second Class Postage Paid in Sail Lake City. L'lah R. GEORGE GREGERSEN Publisher ALENE E. BENTIEV Editor marv mcmillan gaber THE OLD BREWERY MALL News Editor DEAN ALSUP SHERI POE MILT POUCZER Staff Writer JAMES M. SCHUTZ Research Associate KRISTOPHER R. PASSEY Creative Director PETER HARRISON Production Manager 300 to 3,000 sq. ft. units 6,000 total square feet available all new heating and air conditioning 3 tier parking ramp Opinions expressed by columnists herein are not necessarily the opinion or policy of the National Enterprise. will build to suit tenant Send all submissions to P.O. Box 11778, Salt Lake City. Utah 84147. Dickman - Rudd & Assoc. 460 So. 10th East 359-067- 2 thought you said a couple of past due accounts! I 9 9 Like rabbits, cash flow. Green a couple have a way of multiplying into many. And there goes your Sons, the largest collection agents in Utah, got that way by successfully collecting past due receivables. For fourteen years, Green & Sons has been building a reputation, collecting more for their clients than the national average. 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